September 29, (THEWILL) – Singer and businessman, Oluwatosin Oluwole Ajibade, a.k.a Mr Eazi, has achieved a major milestone as his co-founded financial company, Pawapay recently reached a historic milestone of one billion transactions. That means Pawapay has become the fastest private payment company in history to reach a significant one billion transactions.
Based in the United Kingdom and focused on Africa, Pawapay is a unified platform for collecting payments and facilitating payouts across Africa. It is a spin-off from online sports betting company, betPawa.
Pawapay was able to achieve this feat in under three and a half years, faster than it took popular payment platforms, Paypal and Stripe. It took both platforms five and seven years, respectively, to reach a billion transaction.
Very business savvy, Ajibade has followed in the footsteps of his father in-law, Femi Otedola, by seeking out lucrative ventures to invest in. In 2022, he sold Vydia, the portfolio company of his venture capital fund, Zagadat Capital, for $1 billion. The digital audio and video distribution infrastructure company was acquired by American firm, Gamma, a music and technology firm owned by former Apple Music Executive, Larry Jackson. The deal was the biggest in the history of Afrobeats. Last year, he veered into the real estate business, unveiling his multi-million-naira estate in Rwanda. Ajibade is also the owner of music distribution platform, emPawa.
